BitGo Secures Payment License in Singapore
US crypto company BitGo can now expand its operations in Singapore with regulated digital payment token services.
News - page 187
Apple Reportedly to Charge Up to $20 for Some AI Features
Apple may begin to implement the practice of charging its users up to $20 for using advanced artificial intelligence features.
Klarna Reportedly Gauges Investor Interest in Secondary Share Sale
The media reports that Klarna is currently assessing the interest of investors in buying existing shares of the company on the secondary market.
JPMorgan CEO Doubts About Return of Inflation to Fed’s 2% Target
JPMorgan Chase & Co. chief executive officer Jamie Dimon said he was skeptical about the prospects that the inflation rate in the United States would return to the Federal Reserve’s 2% target.
SoftBank Announces $3.4 Billion Buyback
SoftBank Group Corporation announced a share buyback worth up to 500 billion yen ($3.4 billion).
Amazon Launches New Version of Its AI Image Generator
Amazon has unveiled a new version of its own image generation model, the Titan Image Generator.
China Reports Exports and Imports Data
In July, China recorded an increase in imports, which exceeded preliminary expectations for the dynamic of this indicator, while the pace of export activity turned out to be less optimistic compared to forecasts.
Startup Riverlane Raises $75 Million
The startup Riverlane, which specializes in the development of semiconductors to reduce errors in quantum computing, announced that it managed to raise $75 million in the latest funding round.
SK Hynix Wins US Grants
South Korean SK Hynix Inc. is set to receive initial grants for $ 450 million and loans for $500 million for the implementation of a project to build an advanced chip packaging plant and a research facility in the US state of Indiana.
Neobank Monzo Customer Base Exceeds 10 Million
Digital bank Monzo, which is based in the United Kingdom, reported that the number of its customer base exceeded the 10 million mark.
Morningstar DBRS Says About Self-Fulfilling Prophecy on Market
Morningstar DBRS analysts warn that a prolonged downturn in the market after a global sell-off could become what they called a self-fulfilling prophecy.
Japanese Stocks Rebound From Crash
On Tuesday, August 6, in Japan, local stock indexes showed significant growth, partially offsetting the drop a day earlier that became a historical negative record.
Lloyds Hires AWS Exec to Lead AI and Analytics Division
Rohit Dhawan was appointed by Lloyds Banking Group as Director of AI (artificial intelligence) at the Group’s new AI Centre of Excellence, bringing together experts in Data Science, Behavioral Science, ML Engineering, Advanced Analytics and AI Ethics.
Next Generation Revives Euro Stablecoin With Decta
French startup Next Generation partners with an Irish financial institution Decta to restore the euro-pegged stablecoin, EURT, project after a seven-year suspension.
AI Chip Startup Groq Reaches $2.8 Billion Valuation
Startup Groq Inc., which operates in the artificial intelligence industry, raised investment funds for $640 million.
UBS Says About Current Condition of Japanese Market
Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, said during a conversation with media representatives that currently going into the Japanese market in terms of symbolic comparison with other actions is similar to catching a falling knife.
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